JM Smucker Company (SJM)
Cash ratio
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 62,000 | 35,900 | 3,624 | 241,100 | 655,800 | 104,200 | 27,100 | 151,600 | 169,900 | 284,300 | 155,300 | 168,800 | 334,300 | 501,500 | 405,600 | 396,600 | 391,100 | 74,400 | 48,800 | 48,800 |
| Short-term investments | US$ in thousands | — | — | 432,700 | 459,800 | 487,800 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,761,100 | 2,467,400 | 1,834,400 | 1,947,200 | 1,986,700 | 1,740,700 | 2,059,700 | 2,177,200 | 1,952,800 | 1,664,600 | 1,890,500 | 2,763,200 | 2,867,500 | 2,532,400 | 2,692,800 | 2,073,100 | 1,587,100 | 2,077,400 | 2,310,100 | 2,290,800 |
| Cash ratio | 0.02 | 0.01 | 0.24 | 0.36 | 0.58 | 0.06 | 0.01 | 0.07 | 0.09 | 0.17 | 0.08 | 0.06 | 0.12 | 0.20 | 0.15 | 0.19 | 0.25 | 0.04 | 0.02 | 0.02 |
April 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($62,000K
+ $—K)
÷ $3,761,100K
= 0.02
The cash ratio of JM Smucker Company has exhibited fluctuations over the past few years based on the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
Looking at the trend, the cash ratio has shown significant variation, ranging from as low as 0.01 to as high as 0.58. This indicates fluctuations in the amount of cash and cash equivalents relative to current liabilities held by the company.
The highest cash ratio observed was in July 2023 at 0.58, suggesting the company had a substantial amount of cash and cash equivalents compared to its short-term obligations at that time. Conversely, the lowest cash ratio was recorded in January 2022 at 0.01, indicating a lower level of cash reserves relative to short-term liabilities.
Overall, the cash ratio trend for JM Smucker Company demonstrates variability in the company's liquidity position over the periods analyzed. It is essential for investors and stakeholders to monitor this ratio to assess the company's ability to meet its short-term financial obligations using its available cash resources.